Dividend Payout and Dividend YieldDividend payout ratio is the percentage of total earnings that the company pays as dividends to the shareholders. It is the percentage of earnings that the company distributes to the shareholders. Dividend payout ratio = (Dividend per share / Earnings per share) × 100Dividend yield is the rate of return on investment for the shareholders, which is received in the form of dividends. It is the percentage of the current market price of a share, paid as dividends to the shareholders. Dividend yield = (Dividend per share / Market price per share) × 100Given: Dividends per share:Year 1 = $0.02Year 2 = $0.04Year 3 = $0.08Earnings per share:Year 1 = $1.07Year 2 = $1.28Year 3 = $1.41Market price per share:Year 1 = $16.00Year 2 = $19.00Year 3 = $21.00Now, let’s calculate the dividend payout ratio and dividend yield for Year 1 to Year 3.Year 1:Dividend payout ratio = ($0.02 / $1.07) × 100 = 1.9%Dividend yield = ($0.02 / $16.00) × 100 = 0.1%Year 2:Dividend payout ratio = ($0.04 / $1.28) × 100 = 3.1%Dividend yield = ($0.04 / $19.00) × 100 = 0.2%Year 3:Dividend payout ratio = ($0.08 / $1.41) × 100 = 5.7%Dividend yield = ($0.08 / $21.00) × 100 = 0.4%Dividend payout ratio for Year 1 to Year 3 are 1.9%, 3.1%, and 5.7%. The dividend yield for Year 1 to Year 3 are 0.1%, 0.2%, and 0.4%.We can observe that dividends seem to be driving WTWM's share price movement. As the dividends per share increase, the dividend yield increases, which ultimately results in a rise in the market price of the shares. Hence, we can conclude that the dividend payments play a crucial role in driving the share prices.